The market action today was very straightforward—those stubborn moves from a few days ago were all exposed by this wave of selloff. $WIF It kept wobbling around the high area before; the most confusing part was that it didn’t drop immediately. Many would think it was still going to keep pushing higher, but what I see is that the buy-side support is getting weaker and weaker.



At the time, I was watching the details of WIF. After the price moved close to 0.1891, the upward push didn’t continue, while the pullback kept getting smoother. This is already off, so I chose to take a long position—no need to fight with a fake breakout. I just follow the direction after key levels get confirmed and executed.

Now it’s at 0.153, and the gains show +926.99%. The trend extension is clear. Holding this short trade has been pretty comfortable. Once the profit has been realized, don’t put yourself back into a passive position. Take care of 80/20 first, then use a protective level to hold the rest—give the market some room to continue, and also leave yourself an exit route.

During a decline, the biggest fear is making a hot-headed mistake by adding too much. If a rebound comes, your mindset will get messed up. If you didn’t catch it, don’t chase. Don’t pursue the trade—wait for a more comfortable spot. Make your move only when the next signal is clear.

$BTC $ETH
WIF-0.26%
BTC-1.22%
ETH-2.83%
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